The Turnbull Government’s Trade Support loans are continuing to benefit the people of O’Connor, with 254 apprentices in the electorate accessing the loans in the past year, according to new figures released by the department.
Member for O’Connor Rick Wilson MP said the programme is a vital helping hand for Australian apprentices seeking to complete trade qualifications.
“I am pleased that the Turnbull Government’s Trade Support Loans programme has allowed 254 apprentices in O’Connor to access financial assistance while completing their training,” Mr Wilson said.
“Apprenticeships are vital to boosting the nation’s skilled workforce. Apprenticeships are delivering opportunities for young people entering the workforce and for those looking for a career change.”
The Trade Support Loans programme offers loans of up to $20,000 to help apprentices cover day-to-day expenses associated with living, learning and completing an apprenticeship. Trade Support Loans can also be used by apprentices to purchase necessary equipment for their chosen trade. The objective of the programme is to encourage and assist apprentices to complete their training in key sectors of the economy where there are real skill shortages.
“It is important we give apprentices the best chance to complete their trade qualification. The Turnbull Government is committed to supporting apprentices in O’Connor,” Mr Wilson said.
As an additional incentive, the Trade Support Loans programme rewards those who successfully complete their apprenticeship by giving them a 20 per cent discount on their loan amount.
“I urge apprentices in O’Connor in need of a helping hand to apply for a Trade Support Loan,” Mr Wilson said, adding that more information on assistance for apprentices is available through his office.